renminbi

American  

[ren-min-bee] / ˈrɛnˈmɪnˈbi /

noun

plural

renminbi

1. the currency of the People's Republic of China, the basic unit of which is the yuan.

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renminbi British  

/ ˌrɛnˌmɪnˈbiː /

noun

1. another name for the Chinese yuan

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Etymology

Origin of renminbi

1955–60; < Chinese rénmínbi, equivalent to rénmín people + bì currency

Example Sentences

However, they added that a rapid strengthening for the yuan, also known as the renminbi, remains unlikely as authorities have consistently signaled restraint by setting recent fixings at weaker levels than market expectations.

From The Wall Street Journal

Setser recently estimated that the yuan, also called the renminbi, could be 30% undervalued against the dollar.

From The Wall Street Journal

European Central Bank President Christine Lagarde said on Dec. 18, “Obviously, the current situation of the renminbi is one we pay attention to.”

From The Wall Street Journal

“Chinese consumers can use the same amount of renminbi to enjoy more high-quality, affordable international products, thereby truly realizing the goal of becoming a strong consumer nation,” he said.

From The Wall Street Journal

In August, Cambricon reported that its revenues for the first half of the year jumped more than 4,000% from the previous year to 2.88 billion Chinese renminbi, which translates to about $400 million.

From MarketWatch